335 38Th StNew York, NY 10018

Property Details for 335 38Th St

Property size (Sq ft)

4,000 SF

Property type

Office properties

Property subtype

Other office properties

Description

This exceptional 4,000-square-foot Class A creative office space, located on the 4th floor of 335 West 38th Street in New York City's vibrant Hudson Yards neighborhood, presents a unique investment opportunity. Completely renovated in 2020, this vacant, single-unit property offers a flexible, open floor plan ideal for customization. The legal live/work designation caters to the growing demand for combined residential and commercial spaces. Boasting abundant natural light and a modern design, the space includes a newly renovated kitchen with high-end appliances (Miele dishwasher, Samsung refrigerator, GE 5-burner stove and double oven), two to three bedrooms, two full bathrooms, and a separate work area with one additional bathroom. The unit also features a new Tosot split system air conditioning unit, custom built-in shelving, ample closets, and a new side-by-side Samsung washer and dryer. Its prime location offers easy access to high-end shopping, dining, cultural attractions, and major transportation hubs. The asking price is $3,500,000, representing a 7.00% cap rate. This property is perfect for investors seeking strong rental income potential or owner-occupants desiring a unique, high-demand live/work environment in one of Manhattan's most sought-after areas. The building is a single-story structure with excellent access via a private key elevator.

Location Insight

City

New York

County

New York

State

New York

Latitude

40.7557

Longitude

-73.9931

FAQs

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